....and I forgot to my main point - charting does not work as well around this time - in the same way fundamentals take a back seat to:
1. Holders selling to fund option conversion. 2. Selling of near-term options at a discount to save conversion time/risk - which makes heads seem expensive and some will buy cheaper options to convert rather than heads. 3. Manipulation by big holders of heads or underwriters to prevent conversion. 4. Manipulation by big option holders to increase price/demand for options . 5. Bullish management actions (announcing deals, talking up prospects, bullish projections etc.) if options are out or close to the money.
It is rare to see a stock crash through and rise to well above conversion price so close to expiry (I can't think of a good recent example).
AEV Price at posting:
46.4¢ Sentiment: Buy Disclosure: Held
